• Summit Materials Inc SUM.N reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 81 cents. The mean expectation of seventeen analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 60 cents to 86 cents per share.

• Revenue rose 47.4% to $1.17 billion from a year ago; analysts expected $1.21 billion.

• Summit Materials Inc's reported EPS for the quarter was 60 cents​.

• The company reported quarterly net income of $105.18 million.

• Summit Materials Inc shares had risen by 17.9% this quarter and gained 19.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.8% in the last three months.​

• In the last 30 days, fourteen analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the construction materials peer group is also "buy"

Wall Street's median 12-month price target for Summit Materials Inc is 48.00

This summary was machine generated from LSEG data October 31 at 02:51 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)